Sunrise Resources (LON:SRES) Trading Down 15.8% – Here’s Why

Shares of Sunrise Resources plc (LON:SRES) dropped 15.8% during mid-day trading on Monday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 20,132,318 shares changed hands during trading, an increase of 134% from the average daily volume of 8,619,966 shares. The stock had previously closed at GBX 0.02 ($0.00).

Sunrise Resources Stock Down 11.1 %

The company has a quick ratio of 3.18, a current ratio of 0.71 and a debt-to-equity ratio of 12.48. The firm has a fifty day moving average price of GBX 0.02 and a 200 day moving average price of GBX 0.03.

Sunrise Resources (LON:SRES) last released its earnings results on Monday, February 17th. The company reported GBX (0.02) ($0.00) EPS for the quarter. As a group, research analysts forecast that Sunrise Resources plc will post -2 EPS for the current fiscal year.

Insider Transactions at Sunrise Resources

In related news, insider James Cole acquired 39,764,880 shares of Sunrise Resources stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £795,297.60 ($1,028,180.48). Corporate insiders own 21.11% of the company’s stock.

Sunrise Resources Company Profile

Sunrise Resources plc engages in the acquisition, exploration, and development of mineral projects in the United States and Western Australia. The company explores for gold, copper, silver, lead, zinc, precious metal, base metal, and industrial mineral projects. It mines at CS Pozzolan-Perlite project located in Nevada, the United States, as well as holds leases/option agreement in the Jackson Wash project located in Nevada, the United States.